Company rescue—An example

Growing competition and rising costs, together with an international recession, have made it much harder for companies to survive. The most prosperous companies are often those based on new inventions and new products while the hardest hit seem to be those engaged in conventional, mature products. This example described in this article is a case where a company, at the eleventh hour, was saved from bankruptcy by proper, systematic use of well known management techniques. The economic results developed so well, after the change of strategy, that in 4 years time it was possible to build and invest in new, modern plant.